Shift4 Payments (NYSE:FOUR) Price Target Raised to $120.00 at Susquehanna

Shift4 Payments (NYSE:FOUR) had its target price increased by research analysts at Susquehanna from $105.00 to $120.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 21.38% from the company’s current price.

A number of other equities research analysts also recently commented on FOUR. William Blair began coverage on Shift4 Payments in a research report on Wednesday, September 4th. They issued an “outperform” rating on the stock. Oppenheimer began coverage on Shift4 Payments in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $109.00 target price on the stock. Barclays began coverage on Shift4 Payments in a research report on Wednesday, October 9th. They issued an “overweight” rating and a $120.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $99.00 target price on shares of Shift4 Payments in a research report on Thursday, September 5th. Finally, BTIG Research boosted their target price on Shift4 Payments from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $100.15.

Shift4 Payments Price Performance

Shares of Shift4 Payments stock opened at $98.86 on Wednesday. The stock’s 50-day simple moving average is $89.89 and its 200-day simple moving average is $77.22. Shift4 Payments has a 52 week low of $55.87 and a 52 week high of $106.31. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 53.68, a PEG ratio of 1.16 and a beta of 1.64. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 1.83.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. The business had revenue of $365.10 million for the quarter, compared to the consensus estimate of $369.07 million. Shift4 Payments had a return on equity of 24.78% and a net margin of 4.04%. As a group, analysts expect that Shift4 Payments will post 3.04 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jordan Frankel sold 12,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $82.57, for a total value of $1,032,125.00. Following the transaction, the insider now owns 228,021 shares of the company’s stock, valued at $18,827,693.97. This represents a 5.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nancy Disman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $81.30, for a total value of $1,626,000.00. Following the completion of the transaction, the chief financial officer now directly owns 182,959 shares in the company, valued at approximately $14,874,566.70. This trade represents a 9.85 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.57% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FOUR. Senator Investment Group LP lifted its holdings in Shift4 Payments by 8,551.1% during the second quarter. Senator Investment Group LP now owns 562,236 shares of the company’s stock worth $41,240,000 after buying an additional 555,737 shares during the period. Forge First Asset Management Inc. purchased a new stake in Shift4 Payments during the first quarter worth $1,242,000. Artemis Investment Management LLP lifted its holdings in Shift4 Payments by 113.0% during the third quarter. Artemis Investment Management LLP now owns 457,467 shares of the company’s stock worth $40,532,000 after buying an additional 242,684 shares during the period. Bessemer Group Inc. lifted its holdings in Shift4 Payments by 7.1% during the first quarter. Bessemer Group Inc. now owns 218,921 shares of the company’s stock worth $14,465,000 after buying an additional 14,438 shares during the period. Finally, Coronation Fund Managers Ltd. purchased a new stake in Shift4 Payments during the second quarter worth $1,378,000. Institutional investors own 98.87% of the company’s stock.

About Shift4 Payments

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.